PREFERRED LOAN REQUIREMENT · Committee may ask the Loan Applicant to provide additional documents if necessary. The final approval of the Loan will be at the discretion of the Pioneer

PREFERRED LOAN REQUIREMENT

LOAN AMOUNT: MAXIMUM $ 35,000 LOAN TERM: MAXIMUM 72 MONTHS INTEREST RATE: AS PER RATE & FEE SCHEDULE PROCESSING FEE: AS PER RATE & FEE SCHEDULE APPLICATION FEE: AS PER RATE & FEE SCHEDULE LOAN COLLATERAL: $500.00 / 1 GUARANTOR required Depending on the Credit Score

Members must meet the following criteria in order to qualify for Preferred Loan.

LOAN APPLICANT’S QUALIFICATIONS: 1. Applicant must be a member of our Credit Union.2. Applicant must be of legal age to enter into a contractual obligation.3. Must have a valid State issued I.D. Card and Social Security number.4. Co-borrower needs to provide $200 as loan collateral.5. Applicant may not have been delinquent for more than 90 days in loan payments with PMFCU and other

Creditors in the last 1 years (small medical bills and similar items may be excluded by Credit Committeein evaluating the loan application).

6. For Interest rate, number of guarantor requirement, collateral requirement and loan eligibility will bebased on Credit Score. The detail of the criteria is as follows:

Collateral of Credit Score Interest rate No. of Guarantor Loan Amount 700 – Plus As per schedule 1 guarantor required $500.00 650 – 699 As per schedule + 1% 1 guarantor required $500.00 600 – 649 As per schedule + 2% 1 guarantor required $500.00 550 – 599 As per schedule + 3% 1 guarantor required $500.00

LOAN GUARANTOR’S QUALIFICATIONS: 1. Guarantor must be a member of our Credit Union.2. Guarantor must have an established credit bureau history.3. One of the guarantors must be a permanent resident in the U.S.A.4. Guarantor may not have been delinquent for more than 90 days in loan payments with PMFCU and other

creditors in last 1 year. (Certain instances may be accepted by the Credit Union).5. Must not have signed more than 4 guarantees, with a maximum guarantee limit of $200,000.6. No family and cross guaranty (reciprocal) acceptable.7. Guarantor needs to provide $300.00 as collateral for each guaranty.8. Guarantor needs to sign Credit Release form for credit verification and Credit analysis will be performed.9. Guarantors who meet the above qualifications do not qualify in anyway as an automatic guarantor.

However, it will remain up to the discretion of the Credit Committee to accept the person as a guarantor.

DOCUMENTS REQUIRED FROM LOAN APPLICANT: 1. Completed Loan Application.2. Copy of ID/DL/Green Card.3. Copies of last 2 year’s Income Tax Returns.4. Proof of Income such as:

(a) Copy of Payroll check for at least last 4 weeks or 1 month and/or(b) Job & Income verification letter from the employer.

The requirement listed above are the minimum that the Loan Applicant must furnish, however the loan Committee may ask the Loan Applicant to provide additional documents if necessary. The final approval of the Loan will be at the discretion of the Pioneer Mutual Federal Credit Union.

Loan application will not be processed until all required documents are submitted.

P-14 Preferred Loan Requirement Rev: 09/13/2019

Section A - Please Tell Us What You Want to Borrow

_________

Date of Birth

Email: Email:

Loan Amount RequestedAccount No. Purpose of LoanDate (MM-DD-YYYY)

$

Employed Since

Resident SincePrevious Address (if less than 2 years at Current Address)

Employer/

Business Phone

Name and Address of Previous Employer

(If less than 2 years at Current Employer)

Position /

Occupation

FOOD, UTILITIES & INSURANCE

TOTAL MONTHLY INCOME

OTHER INCOME

TOTAL MONTHLY EXPENSES

Position / Occupation

INCIDENTAL EXPENSES

PAYMENT ON OTHER DEBTS

CREDIT CARD PAYMENTS

Previous Address (if less than 2 years at Current Address)

Section C - Please Tell Us About Your Employment & Business Income &

Expense

Gross Monthly

SalaryEmployed Since

INCOME

Name and Address of Previous Employer

(If less than 2 years at Current Employer)

Employer/

Business Phone

Cell PhoneHome Phone

Are You a US Citizen / Permanent US Resident?

Name and Address of Employer

Resident Since

Home Address (Street, City, State, Zip)Home Address (Street, City, State, Zip)

Are You a US Citizen / Permanent US Resident?

Cell Phone Fax Number

BUSINESS INCOME

Section B - Please Tell Us About Yourself

Date of Birth Driver License No.

Borrower Name (First, Middle, Last) Co-Borrower Name (First, Middle, Last)

Social Security No.

INTEREST INCOME

Driver License No. Social Security No.

Position / Occupation

Resident Since Resident Since

Name and Address of Employer

Home Phone

Co-Applicant Information (If Applicable)

Gross Monthly

Salary

Position /

Occupation

EXPENSES

RENT OR HOME PAYMENT

Fax Number

SALARY OR WAGES

Co-Borrower Information (If Aplicable) Account No:

1521 Lake Pointe Parkway

Sugar Land, Texas 77478

Fax: 281-566-8001

Ph: 281-566-8000

PERSONAL LOAN APPLICATION FORM

Terms in Months Type of Loan

Yes No Yes No

Advantage Up to $25,000

Preferred Up to $35,000

Jumbo Up to $49,900

Xpress50 Up to $49,900

Premium/Prime Up to $100,000

Pioneer Mutual Federal Credit Union Rev: 08/01/2017 Page 1 of 2

Borrower Name: ________________________________________________________ Co-Borrower Name: ______________________________________________________

Account No: ___________________________________________________________ Account No: ____________________________________________________________

Borrower's Signature Date Co-Borrower's Signature (If Aplicable) Date

Guarantor's Name Account No. Driver License Number / State Issued

Guarantor's Name Account No. Driver License Number / State Issued

Date Application Received: Date Application Completed: Application Received By

Loan Approved (check one only) Approved Amount Amount in Word:

$

Comments (1) Credit Committee Member / Loan Officer Signature Date

(2) Credit Committee Member / Loan Officer Signature Date

Check Number: Issue Date:

NOTES PAYABLE TO BANKS

REAL ESTATE

Loan Number:

FOR CREDIT COMMITTEE USE ONLY

FOR CREDIT UNION USE ONLY

NOTES PAYABLE TO OTHERS

OTHER ASSESTS (ITEMIZE):

AUTOMOBILES

I/We authorize Pioneer Mutual Federal Credit Union (the Creditor) to make any credit inquiries it deems necessary in connection with this credit application. I/We authorize and instruct any person, including but not limited to, all local, state or federal governmental agencies, or consumer reporting agencies, to complete and furnish the Creditor any

information that it may have or obtain in response to such credit inquiries, and agree that such information, along with this application, shall remain the Creditor's property

whether or not loan is approve. I/We authorize the Creditor to disclose any information in or relating to this application and/or loan account (including information received from

third persons) to any applicant for or guarantor of this credit, to any of Pioneer Mutual Federal Credit Union subsidiaries, affiliates and assigns, to any potential assignee, transferee or participant in the credit to which this application relates. I/We certify that the information provided in this application is being given for the purpose of obtaining the

credit described above and is true and correct as of this date.

TOTAL LIABILITES & NET WORTH (C )

NET WORTH (A - B)

TOTAL ASSESTS (A)

CREDIT CARD DUES

CASH ON HAND & IN BANKS

SECURITIES (STOCKS & BONDS)

Section D - Please Tell Us About Your Personal & Business Financial Statement

TOTAL LIABILITIES (B)

LIEN ON REAL ESTATE

OTHER LIABILITES (ITEMIZE):

BUSINESSES

LIFE INSURANCE (CASH VALUE)

ACCOUNTS & NOTES RECEIVABLES

RENT & INTERESTS DUE

TAXES DUE

LIABILITIESASSETS

YES NO

Pioneer Mutual Federal Credit Union Rev: 08/01/2017 Page 2 of 2

PIONEER MUTUAL FEDERAL CREDIT UNION 1521 Lake Pointe Parkway Sugar Land, TX 77478 Ph: 281-566-8000 Fax 281-566-8001 www.pioneeronline.org

I, _______________________________________________________(Guarantor) grant permission

to PIONEER MUTUAL FEDERAL CREDIT UNION to retrieve my credit history for review against the

loan in which I have given the guarantee. I release PIONEER MUTUAL FEDERAL CREDIT UNION from

any liability in obtaining a copy of my credit history, and understand the consequences of inquiries to my

credit history.

This release may be used one time only.

This release may be used, as needed, over the life of loan.

___________________ Guarantor’s Signature Date

Guarantor’s Name

Guarantor’s Account No

Address

Borrower’s Name (Guarantee Given To)

Guarantor Credit History Release Form

1521 Lake Pointe Pkwy, Sugar Land, TX 77478 • PH: (281) 566 8000 • FX: (281) 566 8001 • 1 (877) OUR PMCU (687-7628)

www.pioneeronline.org

Uncollected Loan Processing Fee Condition

Unlike other financial institutions, Pioneer Mutual Federal Credit Union (PMFCU) has never charged loan processing fees in the past. However, in order to facilitate timely processing of loans and avoid unnecessary misuse of special rates by members, by applying for loans that may not be taken, PMFCU has decided to charge a Loan Processing Fee of $100.00 under following conditions:

a) Member will be informed, of approval of Loan Application, by way of telephone after theloan has been approved and signed by the Credit Committee. Member must avail theloan within 30 days after receiving notification of loan approval.

b) If the member fails to avail the loan within 30 days after receiving notification, themember’s account will be charged $100.00 and the loan application will be kept on holdfor another 30 days and thereafter it will be treated as void.

c) In the event of cancellation of a loan, a new loan application will be required to besubmitted by the member and the current loan rates will be applicable.

I agree to the above terms and conditions of the Loan Policy.

Account No:

Name:

Signature:

Date:

Personal Loan Application Fee Disclosure:

Unlike other financial institutions, Pioneer Mutual Federal Credit Union has never charged any loan application fee in the past. However, in order to facilitate timely processing of loans and avoid unnecessary misuse of special rates by members, by applying for loans that may not be taken, PMFCU has decided to charge a Loan Application Fee of $25 under following conditions:

1. If a member submits a signed loan application and the loan is ineligible for the loan.

2. If a member provides a signed loan application and thereafter cancel the loan before approval.

3. If a member provides a signed application and does not provide any further documentation tocomplete the loan process within 60 days, the loan will be considered withdrawn.

If the loan is approved and disbursed within 60 days, the borrower will not be charged the loan application fee.

I agree to the above terms and conditions.

Account No: ______________________

Name: ____________________________________

Signature: ____________________________________

Date: ____________________________

1521 Lake Pointe Parkway, Sugar Land, TX 77478– Ph: (281) 566-8000-Fax: (281) 566-8001–-www.pioneeronline.org

ACH AUTHORIZATION AGREEMENT

Company Name PIONEER MUTUAL FEDERAL CREDIT UNION Company ID Number 313092530

I (we) hereby authorize PIONEER MUTUAL FEDERAL CREDIT UNION hereinafter called COMPANY, to initiate entries debit and, if

necessary, credit entries and adjustments for debit entries in error to my (our) Checking Account / Savings Account (select

one) indicated below at the depository financial institution named below, hereinafter called DEPOSITORY, and to debit/credit the same

to such account (on Same day). I (we) acknowledge that the origination of ACH transactions to my (our) account must comply with the

provisions of U.S. law.

Bank Name Account Type

Routing Number Account Number

This authorization is to remain in full force and effect until COMPANY has received written notification from me (or either of us) of its termination in

such time and in such manner as to afford COMPANY and DEPOSITORY a reasonable opportunity to act on it

Name(s) Membership # Type of A/C

(Saving/Checking/Loan)

Amount

1 _____________________________ ______________ ______________ $______________

2 _____________________________ ______________ ______________ $______________

3 _____________________________ ______________ ______________ $______________

4 _____________________________ ______________ ______________ $______________

EFT on ______ of Every Month. Contact # (Work/Cell) ________________________ Total Amount $ ________________

E-mail: _______________________________

Member's Signature Date

NOTE: ALL WRITTEN DEBIT AUTHORIZATIONS MUST PROVIDE THAT THE RECEIVER MAY REVOKE THE AUTHORIZATION ONLY BY

NOTIFYING THE ORIGINATOR IN THE MANNER SPECIFIED IN THE AUTHORIZATION.

PLEASE ATTACH COPY OF VOIDED CHECK TO THIS FORM

FOR OFFICE USE ONLY

Received date:_______________________ Date Posted: __________________________ Posted by:_______________________________

1521 Lake Pointe Pkwy, Sugar Land TX 77478 Phone:281-566-8000 Fax:281-566-8001 www.pioneeronline.org